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Breathtaking Study Abroad Letter Of Intent Example

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Stipulations allowing buyer to adjust the purchase price in the event that: 1) undisclosed liabilities come due after settlement, and 2) actual inventory purchased does not match amount specified in sale agreement. Provisions that the business passes any and all necessary inspections, Provisions that final sale is contingent on verification of financial statements, license and lease transfers, Provisions that final sale is contingent on obtaining financing for purchase, Restrictions on business operations until final settlement, Non_competition and advisory clauses (these are sometimes arranged in a separate document), Allocation of purchase price

There are enough litigation examples on this issue around to suggest their fears are well placed. A confidentiality agreement (also called a non_disclosure agreement) and followed by a letter of intent is the two step process for allowing a business concept owner to establish a new business relationship without losing control of their business idea.

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